Nasdaq (NDAQ) Scheduled to Post Quarterly Earnings on Wednesday

Nasdaq (NASDAQ:NDAQ – Get Rating) is scheduled to announce its earnings results before the market opens on Wednesday, January 25th. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Nasdaq Stock Down 0.6 %

NDAQ stock traded down $0.40 during midday trading on Tuesday, reaching $61.92. 3,356,170 shares of the company’s stock traded hands, compared to its average volume of 2,322,766. The company has a market cap of $30.42 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 5.42 and a beta of 0.96. The firm’s fifty day moving average price is $63.64 and its 200-day moving average price is $60.84. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.78. Nasdaq has a 52 week low of $46.77 and a 52 week high of $69.22.

Insider Buying and Selling

In related news, EVP Jeremy Skule sold 2,100 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $65.44, for a total value of $137,424.00. Following the transaction, the executive vice president now directly owns 54,381 shares in the company, valued at $3,558,692.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Nasdaq news, EVP Bradley J. Peterson sold 13,596 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $65.00, for a total transaction of $883,740.00. Following the transaction, the executive vice president now directly owns 122,169 shares in the company, valued at $7,940,985. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 2,100 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $65.44, for a total transaction of $137,424.00. Following the transaction, the executive vice president now owns 54,381 shares in the company, valued at $3,558,692.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,896 shares of company stock worth $1,277,784. Insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NDAQ. RB Capital Management LLC grew its holdings in shares of Nasdaq by 15.9% in the first quarter. RB Capital Management LLC now owns 3,264 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 448 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Nasdaq by 10.2% in the first quarter. American Century Companies Inc. now owns 2,209 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 205 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of Nasdaq by 14.1% in the first quarter. Raymond James Trust N.A. now owns 3,932 shares of the financial services provider’s stock worth $701,000 after purchasing an additional 487 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Nasdaq by 8.4% in the first quarter. Sei Investments Co. now owns 136,395 shares of the financial services provider’s stock worth $24,319,000 after purchasing an additional 10,623 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Nasdaq by 32.0% in the first quarter. Allianz Asset Management GmbH now owns 316,344 shares of the financial services provider’s stock worth $56,373,000 after purchasing an additional 76,603 shares during the last quarter. Institutional investors own 73.01% of the company’s stock.

Analyst Ratings Changes

NDAQ has been the subject of several research reports. The Goldman Sachs Group increased their price target on shares of Nasdaq from $50.00 to $55.00 and gave the company a “sell” rating in a research report on Monday, November 28th. Credit Suisse Group upped their price objective on shares of Nasdaq from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, January 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Nasdaq from $75.00 to $72.00 in a report on Wednesday, January 11th. StockNews.com initiated coverage on shares of Nasdaq in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Citigroup initiated coverage on shares of Nasdaq in a report on Tuesday, October 11th. They set a “neutral” rating and a $62.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $67.38.

About Nasdaq

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Nasdaq, Inc is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information, and public and private company services. It operates through the following segments: Market Technology, Investment Intelligence, Corporate Platforms, and Market Services.